Use the information below for the year ended December 31, 2014, to prepare the statement of cost of goods manufactured.
Inventories_____________________________Beginning______________Ending
Materials inventory....................................$32,600....................$ 32,500
Work in process inventory..............................41,200......................41,800
Direct materials purchased..........................................................168,000
Total direct labor costs...............................................................245,200
Total indirect labor costs..............................................................52,100
Utilities..................................................................................27,300
Depreciation............................................................................35,000
Small tools...............................................................................2,500
Factory insurance.......................................................................1,600
Factory supervision...................................................................45,200
Miscellaneous overhead costs ........................................................7,200